Fixed Annuities

Stability and Flexibility 

Fixed annuities offer a fixed interest rate, ensuring your account will grow at a steady rate. To give you the flexibility you need, we offer multiple options for the length of the contract.

Tax Advantages

With annuities, you can accumulate earnings on a tax-deferred basis, which means you don’t pay income tax on your earnings until your money is withdrawn. This typically happens at retirement, when your tax bracket may be lower. This can allow the value of your annuity to grow more quickly than a taxable investment earning the same return.

Distribution

When it comes to receiving income, if you choose to, you can start receiving an annuity income stream upon reaching age 59^½ (any earlier and you could be charged penalties). When you’re ready to receive your annuity income stream, you can receive payments monthly, quarterly, annually, etc.¹ – whatever is best for your situation. You can also decide on how you want to structure your annuity income stream. Do you want an income stream for a certain number of years, in a certain dollar amount or as long as either you or your spouse are alive?

Financial Protection for Others

If you die before your annuity payout begins, your beneficiaries will receive the accumulated value of the annuity. Death proceeds are paid directly to your beneficiaries, so there should be fewer costs or delays in receiving the proceeds. Funds received may be subject to income tax.